Miller Value Partners LLC Increases Stock Position in Tutor Perini Co. (NYSE:TPC)

Miller Value Partners LLC grew its holdings in shares of Tutor Perini Co. (NYSE:TPC - Free Report) by 38.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,040 shares of the construction company's stock after buying an additional 21,240 shares during the period. Tutor Perini makes up 0.8% of Miller Value Partners LLC's investment portfolio, making the stock its 29th largest holding. Miller Value Partners LLC owned about 0.15% of Tutor Perini worth $1,840,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of Tutor Perini by 15.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 111,873 shares of the construction company's stock worth $2,708,000 after buying an additional 14,572 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Tutor Perini by 9.8% in the 4th quarter. Hsbc Holdings PLC now owns 31,031 shares of the construction company's stock worth $743,000 after purchasing an additional 2,759 shares in the last quarter. Mirova bought a new position in shares of Tutor Perini in the 4th quarter worth $1,359,000. Covalis Capital LLP bought a new position in shares of Tutor Perini in the 4th quarter worth $1,666,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Tutor Perini by 6.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,825,350 shares of the construction company's stock worth $68,373,000 after purchasing an additional 170,440 shares in the last quarter. 65.01% of the stock is currently owned by institutional investors.

Tutor Perini Stock Down 2.8 %

NYSE TPC traded down $0.61 on Wednesday, reaching $21.16. The company had a trading volume of 171,439 shares, compared to its average volume of 528,001. The stock has a market capitalization of $1.12 billion, a P/E ratio of -8.43 and a beta of 1.47. Tutor Perini Co. has a 52-week low of $14.50 and a 52-week high of $34.55. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.53. The company's fifty day moving average is $23.12 and its 200 day moving average is $24.96.

Tutor Perini (NYSE:TPC - Get Free Report) last released its earnings results on Thursday, February 27th. The construction company reported ($1.51) earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($1.80). The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.08 billion. Tutor Perini had a negative net margin of 3.08% and a negative return on equity of 9.56%. During the same quarter in the previous year, the firm earned ($0.91) earnings per share.

Analyst Ratings Changes

A number of brokerages recently issued reports on TPC. B. Riley upgraded Tutor Perini to a "strong-buy" rating in a report on Tuesday, March 18th. StockNews.com cut Tutor Perini from a "buy" rating to a "hold" rating in a report on Tuesday, January 28th.

About Tutor Perini

Tutor Perini Corporation, a construction company, provides diversified general contracting, construction management, and design-build services to private customers and public agencies in the United States and internationally. It operates through three segments: Civil, Building, and Specialty Contractors.